In the following section we will review the requirements which our legal incorporative framework needs to meet. We believe that a range of legal structure can meet those needs, including traditional multi-stakeholder cooperatives or hybrid structures where a cooperative body governs and owns the majority of a limited liable entity.

Nangu Soul Requirements

Nangu Soul needs to be able to prescribe a constitution, bylaws and vision to its members.

Nangu Soul needs to be able to charge a fee for membership.

Nangu Soul needs to be democratically governed.

Nangu Soul needs to be able to perform business activities (e.g. IT, Education, etc.) or form a subsidiary which performs those activities.

Nangu Entity Requirements

Entities:

• Entities can not be sold to outside investors unless 90% of the assembly agrees.
• Entities need to be able to operate as a person.
• Entities need to be democratically governed.
• Entities need to be able to be a member of Nangu Soul and therefore take part in the governance process.
• Entities can leave the network when all debts are paid.

Founders:

• Founders need to have dedicated representation in the board for at least the first four years.
• Founders need to be able to benefit from their initial investment, vision, and risk-taking through either a membership in a dedicated stakeholder group or through a factor that rewards their foundership in the surplus distribution.

Worker-owners:

• Worker owners need to have dedicated representation in the board.
• Worker-owners need to take part in the surplus distribution. Percentage is calculated based on their investment into the entity (time with entity, impact, etc. TBD.)

Decisions we need to make now